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MrMuchimi
2 years ago
12

“E-Commerce is a boon to small scale enterprises, `entrepreneurs and customers”. Explain.

Business
1 answer:
Mumz [18]2 years ago
6 0

Answer:

SMEs have realised the importance of E-commerce and using it to gain growth and sustainability.

Explanation:

E-commerce has been a revolutionary step for small scale enterprises and customers towards ease of doing business and e- commerce has helped business to grow and expand. It has helped enterprises to increase their revenue, low operational cost and online presence. Customers can buy goods and services just by a click. They prefer e-commerce because everything is accessible online.

You might be interested in
Julia started a cake decorating business last year. Unfortunately it failed quickly. She is convinced that she lacked the necess
Alex73 [517]

Answer:

C) undercapitalization

Explanation:

Clearly, Julia's cake business was undercapitalized, since she failed in the bare start. The undercapitalization issue is often associated with financial beginnings, when having the right sources of capital is crucial. Startups face significant initial costs and therefore need secure capital to cover them.

A cash flow issue is more common with businesses that are already up and running, but face challenges regarding paying debtors.

5 0
2 years ago
Johanna Reid, a campaign manager at a child rights organization, recently started working on an illiteracy project. During the p
gayaneshka [121]

Answer:

leading

Explanation:

Leading is one of the critical function of management that determine direction and motivation to the employee for achieve organizational goal. The leader is important in this function to keep employee engaging, motivated and participative in achieve organizational objective. Leaders should lead by example to influence others.

In the given case, Johannna Reid as a leader is trying to motivate and showing direction to achieve targets of project.

5 0
1 year ago
Jake considers himself to be a follower of Thomas Malthus. Which of the following statements would Jake be most likely to make?
Ber [7]

Answer:

D

Explanation:

The Malthus theory states that population should be controlled because there are no enough resources to please the future needs. This is how it works: in the short-run there is a change in technology that leads to an increase in income. Because people have more income, better life standards, the birth rate increases and exceeds the death rate. In the long-run total income would have to be distributed between more people than before and the economy reaches the equilibrium again, in which the birth rate equals the death rate.

In other words, econmic success becomes a reproductive success.

3 0
2 years ago
Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest paymen
miss Akunina [59]

Answer:

The effective annual rate on loan would be 8.24%

Explanation:

Formula for Effective annual rate ( EAR ) -

(1 + APR / Number of compounding periods in a year) ^ (Number of compounding periods in a year) - 1

where, the APR IS 8% ,

Number of compounding periods - 4 quarters

So now putting these values in the formula -

(1+8% / 4) ^4  - 1

= (1 + 2%) ^4  -1

= (1 + .02)^4  -1

= (1.02)^4 - 1

= 1.08243216 - 1

= .08243216

Now multiplying this by 100 to make it in percentage

= 8.24% ( approximately )

3 0
2 years ago
Skysong, Inc. returned $140 of goods originally purchased on credit from Concord Industries. Using the periodic Inventory approa
lara31 [8.8K]

Answer:

Sales Returns and Allowances $140 and Accounts Receivable $140

Explanation:

When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.

Date   Account Titles and Explanations    Debit   Credit

          Sales Returns and Allowances          $140

                 Accounts Receivable                                $140

           (To record sales returns)  

6 0
1 year ago
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